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Aliyu bought 100 shares at the stock market through a stockbroker. He was told t...


Question

Aliyu bought 100 shares at the stock market through a stockbroker. He was told the price each share was N3 cum. div. This means that Aliyu

Options

A) is entitled always to a cumulative dividends accruing from the shares

B) is entitled to the next dividends due to the shares

C) will not be entitled to the next dividends due to the shares

D) still owes N3 on the shares which will be subtracted from the dividends

The correct answer is B.


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